Subjects
Accounting
Accounting deals with the logical, systematic and accurate selection and recording of financial information and transactions, as well as the compilation, analysis, interpretation and communication of financial statements and managerial reports. The subject encompasses accounting knowledge, skills and values that focus on financial accounting, managerial accounting and auditing fields. These fields cover a broad spectrum of accounting concepts and skills to prepare learners for a variety of career opportunities.
Subject Overview
Grade 10
TERM 1
- Indigenous bookkeeping
- Ethics (introduction)
- GAAP Principles
- Internal control (introduction)
- Bookkeeping of a sole trader
TERM 2
- Value Added Tax (VAT)
- Salaries and Wages
- Final Accounts
TERM 3
- Financial Statements
- Adjustments
- Analysis and interpretation on financial statements
TERM 4
- Cost accounting; Manufacturing concepts
- Budgeting
Grade 11
TERM 1
- Reconciliations
- Fixed Assets
- Bookkeeping of a Partnership
TERM 2
- Partnerships: Analysis and Interpretation
- Bookkeeping of a Club
TERM 3
- Cost Accounting
- Budgeting
- Cash Budget
- Inventory systems
TERM 4
- Value Added Tax (VAT)
Grade 12
TERM 1
- Companies: Unique transactions
- Companies: Final account
- Companies: Analysis and interpretation
- Companies: Analysis of published financial statements and audit reports
TERM 2
- Ethics
- Fixed Assets
- Internal Control
- Inventory Systems
- Reconciliations
- Value Added Tax (VAT)
TERM 3
- Cost Accounting: Production Statement with notes, Trading and Profit and Loss Statement, calculations
- Budgeting
TERM 4
- Revision and examination preparation
SKILLS/CHARACTERISTIC TRAITS PUPILS SHOULD POSSESS IN ORDER TO DO ACCOUNTING:
- A good work ethic
- Attention to detail
- Analytical skill
- Good organisational skills
- Good time management
- Critical thinker
- Perseverance
- Self-discipline
- Problem-solving skills
POSSIBLE CAREER/JOB OPPORTUNITIES:
- Bookkeeper
- Business management
- Tax specialist/consultant
- Auditing
- Management consulting
- Broker
- Banking
- Accountant
- Chartered Accountant